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Gold/Mining/Energy : GEOMAQUE -- Ignore unavailable to you. Want to Upgrade?

To: Bat Man who wrote (226)	3/21/2001 10:24:28 AM
From: Al Collard	Read Replies (1) \| Respond to of 260

Geomaque Announces Year-End 2000 Financial Results, New Marathon Drill Results newswire.ca

To: Bat Man who wrote (226)	3/29/2001 9:54:15 AM
From: Bat Man	Read Replies (1) \| Respond to of 260

Positive Drill Results Continue at Geomaque's Marathon Palladium Project Grades and thicknesses from infill and step-out drilling exceed expectations TSE Symbol: GEO TORONTO, March 29 /CNW/ - Geomaque Explorations Ltd. is pleased to announce further positive drill results from three holes in its exploration and infill drilling program at the Marathon Palladium Project, located 10 kilometres north of Marathon, Ontario. Holes G10 and G11 are infill holes in a sparsely drilled part of the deposit. Hole G12 is a step-out hole that intersected 88 metres grading 1.11 g/t combined palladium and platinum outside the boundary of previously defined mineralization. This hole extends by 50 metres along strike the 70-metre thick zone grading 1.11 g/t combined platinum and palladium intersected by Geomaque in hole G5. Complete assays have now been returned on 12 holes from the 15-hole, 3,000-metre program. A drill hole location map and sections are available on the Company's website at www.geomaque.com, as are all past press releases regarding the Marathon Palladium Project. Significant assays from holes 10 through 12 are: ---------------------------------------------------------------------- Interval Hole No. Section From-To (m) True Thickness (m) Palladium (g/t) ---------------------------------------------------------------------- G10 5800 21-33 12 1.01 ---------------------------------------------------------------------- G11 5800 65-99 34 1.49 ---------------------------------------------------------------------- Incl. 67-87 20 2.40 ---------------------------------------------------------------------- G12 5625 92-180 88 0.84 ---------------------------------------------------------------------- Incl. 94-114 20 1.61 ---------------------------------------------------------------------- Incl. 134-152 18 1.25 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Hole No. Platinum (g/t) Pd+Pt (g/t) Copper (%) ---------------------------------------------------------------------- G10 0.30 1.31 0.28 ---------------------------------------------------------------------- G11 0.35 1.84 0.31 ---------------------------------------------------------------------- 0.56 2.96 0.49 ---------------------------------------------------------------------- G12 0.27 1.11 0.26 ---------------------------------------------------------------------- 0.47 2.08 0.43 ---------------------------------------------------------------------- 0.35 1.60 0.40 ---------------------------------------------------------------------- "The results from all three holes are better than expected based on the current interpretation of the deposit," said Phillip Walford, Vice-President, Exploration. "This drill campaign is testing only a fraction of the resource area, and our summer program will include field geology, geophysics and follow- up drilling." A scoping study to assess the economics of the deposit under current market conditions is underway. The findings of this study are scheduled for release in early April. Geomaque Explorations Ltd. is an international mining company that is producing gold from its Vueltas del Rio Mine in Honduras and San Francisco Mine in Mexico, and exploring for precious metals in the Americas. To view maps relating to the Marathon Palladium Project, go to geomaque.com For further information please visit our website at www.geomaque.com, or contact Sean Stokes, Manager, Investor Relations, (416) 956-7470, e-mail sstokes@geomaque.com To request a free copy of this organization's annual report, please go to www.newswire.ca and click on reports@cnw.